Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea

October 10, 2024 Bitcoin.com

Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining, […]

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Texas Mayor Ward Roddam Reveals How Bitcoin Resurrected Rockdale’s Economy

October 8, 2024 Bitcoin.com

Alcoa

Ward Roddam, mayor of the City of Rockdale in Texas, explained how the arrival of bitcoin mining revitalized the city’s economy. In a recently published opinion piece, Roddam noted that bitcoin miners took advantage of the energy infrastructure left by Alcoa, an aluminum plant that closed in 2008 due to rising energy costs and regulations. […]

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Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

October 8, 2024 Bitcoin.com

Alcoa

Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could […]

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Texas town residents sue Marathon Digital over crypto mine noise

October 8, 2024 Coin Telegraph

Bitcoin mining

A group of residents in Granbury, Texas, sued Marathon Digital, claiming noise from its nearby Bitcoin mine is a “nuisance” that has caused health issues for some locals.

More than two dozen residents of Granbury, Texas, filed a lawsuit against crypto miner Marathon Digital, claiming its mining site near the town is “intolerably loud.”

The noise from Marathon’s local Bitcoin (BTC) mining facility is a “nuisance” causing “extreme discomfort and annoyance” to those living nearby, the group claimed in the Oct. 4 suit filed in a Hood County court.

The lawsuit claimed that some residents have suffered “sensory, emotional, psychological, and health impacts” due to “constant, unrelenting” noise and vibrations from Marathon’s site.

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CleanSpark reports 187% hashrate growth

October 4, 2024 Coin Telegraph

Bitcoin mining

CleanSpark’s hashrate increased from 9.6 EH/s to 27.6 EH/s over the past year, driven largely by strategic acquisitions that boosted its mining capacity.

Bitcoin miner CleanSpark has posted a 187% increase in its hashrate over the past 12 months, according to its unaudited fiscal year report released on Oct. 4.

CleanSpark’s hashrate rose from 9.6 EH/s in September 2023 to 27.6 EH/s in September 2024, with 5 EH/s added over the past month alone. In a statement, CEO Zach Bradford attributed the performance to strategic acquisitions:

CleanSpark currently operates multiple data centers across the United States, expanding its capacity significantly in recent years. The company has acquired five turnkey mining facilities in Georgia and three more in Mississippi.

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Bitcoin decentralization is a matter of national security — Auradine CEO

October 4, 2024 Coin Telegraph

ASIC

According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.

Maximizing Bitcoin (BTC) decentralization throughout the entirety of the stack is a matter of national security, Rajiv Khemani, co-founder and CEO of mining chip manufacturer Auradine, told Cointelegraph.

The CEO explained that third-party firmware — which updates and changes over time — could theoretically be used to compromise the energy grid or launch a 51% attack on the Bitcoin network.

Auradine’s CEO outlined a potential situation where malicious code embedded within this firmware could shut down mining operations within a certain geography. This could cause a drop in hashrate and network difficulty, making a 51% attack easier to execute.

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Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations

October 4, 2024 Bitcoin.com

AI and HPC

Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility. Crypto Mining Firm Terawulf Sells […]

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MARA Purchases Bitcoin in September, Expands Hashrate, and Holds Mined BTC

October 3, 2024 Bitcoin.com

Bitcoin mining

MARA, one of the largest bitcoin miners traded on the public market, acquired 192 BTC in September, while also holding onto all the bitcoin it mined during the month. MARA Strengthens Mining Operations, Grows Bitcoin Reserves to 26,842 This week, the publicly listed bitcoin (BTC) mining company MARA (Nasdaq: MARA) highlighted several operational improvements for […]

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Cleanspark CEO Predicts Bitcoin $200K Peak Within 18 Months

October 2, 2024 Bitcoin.com

Bitcoin

Cleanspark CEO Zach Bradford predicts a dramatic rise in bitcoin’s value, forecasting a peak near $200,000 within the next 18 months. His outlook suggests rapid growth followed by stability, driven by bitcoin’s current price behavior and broader market dynamics. He also links the U.S. presidential election to potential price surges, while emphasizing the advantages of […]

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Gomining Launches Foundation to Drive Innovation in Bitcoin L1 and L2 Projects

October 1, 2024 Bitcoin.com

Bitcoin

The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth. Foundation Established to Foster Bitcoin’s Infrastructure Growth Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1) […]

Bitcoin mining

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